Desjardins Lowers CGI (TSE:GIB.A) Price Target to C$162.00

CGI (TSE:GIB.A) (NYSE:GIB) had its price objective reduced by Desjardins from C$164.00 to C$162.00 in a research report released on Wednesday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other research analysts have also issued reports on GIB.A. Raymond James lifted their target price on CGI from C$150.00 to C$167.00 and gave the stock an outperform rating in a report on Thursday, February 1st. Canaccord Genuity Group lifted their target price on CGI from C$152.00 to C$166.00 and gave the stock a buy rating in a report on Thursday, February 1st. Royal Bank of Canada lifted their target price on CGI from C$155.00 to C$170.00 and gave the stock an outperform rating in a report on Thursday, February 1st. Scotiabank lifted their price target on CGI from C$155.00 to C$165.00 and gave the stock an outperform rating in a research note on Thursday, February 1st. Finally, BMO Capital Markets lifted their price target on CGI from C$155.00 to C$170.00 and gave the stock an outperform rating in a research note on Thursday, February 1st. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, CGI presently has an average rating of Moderate Buy and an average target price of C$166.27.

CGI Price Performance

TSE:GIB.A opened at C$143.73 on Wednesday. The business’s 50-day moving average price is C$151.44 and its 200 day moving average price is C$144.76. The firm has a market cap of C$29.66 billion, a P/E ratio of 20.77, a PEG ratio of 1.48 and a beta of 0.80. CGI has a 52-week low of C$127.73 and a 52-week high of C$160.40. The company has a quick ratio of 0.97, a current ratio of 1.11 and a debt-to-equity ratio of 34.93.

CGI Company Profile

CGI Inc, together with its subsidiaries, provides information technology (IT) and business process services in Canada, Northern Europe, France, the United States, the United Kingdom, Europe, and the Asia Pacific. Its services include the management of IT and business outsourcing, systems integration and consulting, and software solutions selling activities.